Scandic Hotels Repurchases Own Shares in Week 10
Scandic Hotels Group AB repurchased a total of 220,000 own shares between March 3 and March 7, 2025, as part of its ongoing share buyback program.
Scandic Hotels Group AB announced it repurchased 220,000 of its own shares during the first week of March 2025. These transactions are part of the company's SEK 300 million share buyback program, which commenced on December 9, 2024, and is scheduled to conclude by March 31, 2025.
The repurchases were executed on Nasdaq Stockholm by Nordea on behalf of Scandic. Within this period, the aggregated daily volume of shares bought back was 220,000, with an average price of SEK 83.19 per share, totaling approximately SEK 18.3 million. Following these transactions, Scandic's holding of its own shares stands at 3,305,000.
These buybacks are conducted in accordance with the EU Market Abuse Regulation (MAR) and the European Commission's Delegated Regulation 2016/1052. The company confirmed its total number of shares is 219,157,922, with 215,852,922 shares outstanding after accounting for the repurchased shares.
The share buyback program is a mechanism for Scandic to manage its capital structure and return value to shareholders. Scandic is the largest hotel company in the Nordic region, operating approximately 280 hotels.